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In a switch, Trump approves the Fed’s decision to hold interest rates steady
President Donald Trump approved the Federal Reserve for its decision last week to leave interest rates unchanged, an early pivot from his previous demand that the central bank ease “immediately.” In an exchange with reporters Sunday, Trump said holding its key borrowing level in a range between 4.25%-4.5% was the correct move for the Fed. “I’m not surprised,” he said regarding the decision, according to multiple reports. “Holding the rates at this point was the right thing to do.” The statement stood in stark contrast to one Trump delivered when speaking remotely to the World Economic Forum in Davos, ... (full story)